Revenue came in at $74.6 billion, versus Wall Street’s expected $67.5 billion. That was largely because Apple shipped 74.4 million iPhones; analysts had predicted 65-68 million. Mac sales met expectations, and the iPad sold 21.4 million units—down on 26 million in the same quarter last year and below the 22 million prediction.
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Yahoo is going to spin off its Alibaba stake.
When the American internet company announced its earnings—which met expectations—it also announced that it’s going to spin off its $40 billion stake in Chinese e-commerce giant Alibaba into a “newly formed independent registered investment company” called, of all things, SpinCo. This move, unlike selling the shares, will be tax-free.
Hundreds gather to remember the liberation of Auschwitz.
At the infamous Nazi concentration camp in southern Poland, an estimated 300 survivors commemorated the 70th anniversary of its liberation. German chancellor Angela Merkel was there, as was French president François Hollande. Russia’s Vladimir Putin, however, was conspicuously absent, though it was Soviet troops who first entered Auschwitz.